Peapod Lane Capital LLC Buys New Holdings in The Cato Co. (NYSE:CATO)

Peapod Lane Capital LLC acquired a new stake in The Cato Co. (NYSE:CATO) in the 4th quarter, HoldingsChannel reports. The fund acquired 578,632 shares of the specialty retailer’s stock, valued at approximately $2,257,000. Cato makes up 2.2% of Peapod Lane Capital LLC’s investment portfolio, making the stock its 15th largest holding.

Other institutional investors have also recently made changes to their positions in the company. Barclays PLC grew its position in shares of Cato by 130.9% in the third quarter. Barclays PLC now owns 5,155 shares of the specialty retailer’s stock valued at $26,000 after purchasing an additional 2,922 shares in the last quarter. JPMorgan Chase & Co. raised its position in Cato by 40.1% in the third quarter. JPMorgan Chase & Co. now owns 85,621 shares of the specialty retailer’s stock valued at $427,000 after purchasing an additional 24,522 shares during the period. GSA Capital Partners LLP lifted its position in shares of Cato by 203.5% during the third quarter. GSA Capital Partners LLP now owns 124,718 shares of the specialty retailer’s stock worth $622,000 after purchasing an additional 83,624 shares in the last quarter. Segall Bryant & Hamill LLC boosted its holdings in Cato by 2.1% in the third quarter. Segall Bryant & Hamill LLC now owns 215,620 shares of the specialty retailer’s stock valued at $1,076,000 after purchasing an additional 4,489 shares during the period. Finally, Marquette Asset Management LLC grew its holdings in Cato by 9.2% during the 4th quarter. Marquette Asset Management LLC now owns 83,795 shares of the specialty retailer’s stock worth $327,000 after acquiring an additional 7,053 shares in the last quarter. 61.10% of the stock is owned by hedge funds and other institutional investors.

Cato Stock Performance

NYSE CATO opened at $3.54 on Thursday. The company has a fifty day moving average of $3.63 and a two-hundred day moving average of $4.56. The Cato Co. has a 1 year low of $3.02 and a 1 year high of $7.05.

Cato (NYSE:CATO) last released its earnings results on Thursday, November 21st. The specialty retailer reported ($0.79) EPS for the quarter. Cato had a negative net margin of 4.11% and a negative return on equity of 14.41%.

Cato Profile

The Cato Corporation, together with its subsidiaries, operates as a specialty retailer of fashion apparel and accessories primarily in the southeastern United States. It operates through two segments, Retail and Credit. The company's stores and e-commerce websites offer a range of apparel and accessories, including dressy, career, and casual sportswear; and dresses, coats, shoes, lingerie, costume jewelry, and handbags, as well as men's wear, and lines for kids and infants.